Obama says trade deal deepens S.Korea alliance

WASHINGTON, December 4, 2010 (AFP) – President Barack Obama said Friday that a free trade agreement reached with South Korea will deepen the two nations’ alliance as he urged Congress to ratify it.

Obama called the draft agreement “the best deal for American workers and companies,” estimating it would increase US exports by up to 11 billion dollars a year and support at least 70,000 US jobs.

“It deepens the strong alliance between the United States and the Republic of Korea and reinforces American leadership in the Asia Pacific,” he added in a statement.

“I look forward to working with Congress and leaders in both parties to get this done and to ensure that America competes aggressively for the jobs and markets of the 21st century.”

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